555 W Grand Ave, Escondido, CA, 92025

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Sold Price:

$1,400,000

Cap Rate:

3.44%

Price/SF (Land):

$79.77

Price/Unit (Proposed):

$49,219

Zoning:

S.P. Specific Plan (100 du/ac)

Lot Size:

19,745 SF

Status:

Closed

Submarket:

North County

Property Type:

Land

Strategy:

Value Add

 

INVESTMENT HIGHLIGHTS

  • 19,745 SF Land Offering with Tentative Mixed-Use/Condo Map

  • In Process of Final Approval with City

  • Transit-Oriented Development

    Location

  • Proposed 32 Apartment Units, Plus Ground Floor Flex/Office

  • Unit Mix of Twelve (12) 1BR/1BA and Twenty (20) 2BR/2BA Units Plus Parking Garage

  • Walking Distance to Many of Downtown’s Retail and Food Amenities

  • Downtown SP – Specific Plan, Mercado District


Listed By:

Aaron Bove
Senior Vice President, Investments
aaronbove@thebovegroup.com
(858) 373-3237